DOGE/USDT – 4H – SELLThe currency pair Dogecoin/Tether (DOGE/USDT) goes from the descending trendline down.
A continuation of the downward movement down to the next support at 0.095 is expected.
Caution: A possible reversal of the trend in the direction of the resistance zone at 0.16563 should always be considered.
In case of a trade, appropriate stop-loss settings should be considered.
Besides a ‘Three Black Crows’ chart pattern is discovered. The chart forms ‘Three Black Crows’. this is a bearish signal. The pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the likelyhood of ‘Three Black Crows’ heading down is 82%.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.18884 |
| 2nd High | 0.1864 |
| Next High | 0.16563 |
| Current Price | 0.136770000 |
| Next Low | 0.095 |
| 2nd Low | |
| 3rd Low |
0.16563 – 0.1864 – 0.18332 – 0.14943 – 0.15472 – 0.15159 — 28.052955824482 – 25.434463227857 — 10.611518468031 – 3.5854943481152 – 23.44344654646 – 11.052577661104
Trading Signals: CRYPTO – DOGE – DOGE/USDT – USDT – Three Black Crows – Triple top chart pattern – –